VLTCX vs. VCLT
Compare and contrast key facts about Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Vanguard Long-Term Corporate Bond ETF (VCLT).
VLTCX is managed by Vanguard. It was launched on Jan 19, 2010. VCLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 10+ Year Corporate Index. It was launched on Nov 19, 2009.
Performance
VLTCX vs. VCLT - Performance Comparison
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VLTCX vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | -1.46% | 7.27% | -1.47% | 11.05% | -25.77% | -1.16% | 13.68% | 23.19% | -6.85% | 12.40% |
VCLT Vanguard Long-Term Corporate Bond ETF | -0.63% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
Returns By Period
In the year-to-date period, VLTCX achieves a -1.46% return, which is significantly lower than VCLT's -0.63% return. Both investments have delivered pretty close results over the past 10 years, with VLTCX having a 2.52% annualized return and VCLT not far behind at 2.46%.
VLTCX
- 1D
- 1.01%
- 1M
- -3.70%
- YTD
- -1.46%
- 6M
- -1.93%
- 1Y
- 3.19%
- 3Y*
- 3.01%
- 5Y*
- -1.45%
- 10Y*
- 2.52%
VCLT
- 1D
- 0.78%
- 1M
- -2.90%
- YTD
- -0.63%
- 6M
- -1.22%
- 1Y
- 4.03%
- 3Y*
- 3.07%
- 5Y*
- -1.73%
- 10Y*
- 2.46%
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VLTCX vs. VCLT - Expense Ratio Comparison
VLTCX has a 0.07% expense ratio, which is higher than VCLT's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VLTCX vs. VCLT — Risk / Return Rank
VLTCX
VCLT
VLTCX vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) and Vanguard Long-Term Corporate Bond ETF (VCLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VLTCX | VCLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.40 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.59 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.82 | +0.03 |
Martin ratioReturn relative to average drawdown | 1.99 | 1.92 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VLTCX | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.40 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.14 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.19 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Correlation
The correlation between VLTCX and VCLT is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VLTCX vs. VCLT - Dividend Comparison
VLTCX's dividend yield for the trailing twelve months is around 5.16%, less than VCLT's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLTCX Vanguard Long-Term Corporate Bond Index Fund Admiral Shares | 5.16% | 5.48% | 5.58% | 4.65% | 4.41% | 3.03% | 3.15% | 3.82% | 4.56% | 4.01% | 4.37% | 4.71% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.62% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Drawdowns
VLTCX vs. VCLT - Drawdown Comparison
The maximum VLTCX drawdown since its inception was -34.56%, roughly equal to the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for VLTCX and VCLT.
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Drawdown Indicators
| VLTCX | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -34.31% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.39% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -34.31% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | -34.31% | -0.25% |
Current DrawdownCurrent decline from peak | -16.08% | -15.73% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -8.08% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.32% | -0.06% |
Volatility
VLTCX vs. VCLT - Volatility Comparison
The current volatility for Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) is 3.47%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 3.98%. This indicates that VLTCX experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLTCX | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.98% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 5.62% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 10.22% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 12.81% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 12.84% | -2.25% |